Ask About XM Regulations

Hello Yopi, Currently the XM broker has not received a license from Bappebti. However, it has obtained licenses from several well-known regulators such as: FCA England, ASIC, IFSC Belize, and CySEC.

Is it safe, sir, to trade on XM even though it is not yet regulated by Bappebti?

FYI, trading at Bappebti regulated brokers isn't necessarily safe, you know... hwehehe

The reason, bro?

Just look for cases of CoFTRA brokers who have gone out of business. not just one

Hello Yopi, Bappebti is one of the regulatory bodies from Indonesia. Sometimes forex brokers have several licenses from several regulators in various parts of the world. However, this does not mean that not having a license from CoFTRA means it is unsafe, provided that the relevant broker still has a license from another regulatory body. However, the problem is that if a broker does not have a license from CoFTRA, usually it will not operate freely in the country, one of which is that the relevant broker's website will be blocked. Thank You :)

OK sir, now I'm starting to understand, apparently that's how to observe it. Thank You